June 14, 2006

ADM, Millennium Ethanol announce marketing agreement

Archer Daniels Midland Company (ADM) and Millennium Ethanol LLC on Jun 12 (Mon) announced the formation of an ethanol marketing agreement that would allow ADM to market all ethanol produced by Millennium Ethanol at its upcoming 100 million gallon facility in South Dakota.

ADM is pleased to partner with Millennium Ethanol said Martin Lyons, division senior vice president of ethanol  sales and marketing.

Steven Domm, chief executive officer of Millennium Ethanol, said the market access and penetration that ADM brings to the table would be invaluable to the success of Millennium Ethanol, Domm adding that the company is looking forward to a successful long-term relationship.

Millennium Ethanol LLC is owned by South Dakota investors. Besides ethanol, the plant would be producing about 320,000 tonnes of dried distillers grains a year.